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Overhead applied to jobs during the period was $270,000. Actual overhead costs incurred were $268,000. Budgeted overhead used to calculate the predetermined overhead rate was
Overhead applied to jobs during the period was $270,000. Actual overhead costs incurred were $268,000. Budgeted overhead used to calculate the predetermined overhead rate was $275,000.
- Is the overhead over or under applied?
- How much is the over or under applied overhead?
- If the over applied overhead is put in cost of goods sold will it increase or decrease cost of goods sold?
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